More economic good news?

[Yurt]

Economy loses 95K jobs due to government layoffs

A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6 percent last month, the Labor Department said Friday. The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.

http://seattletimes.nwsource.com/htm...useconomy.html

i'm sure the lefties and obama will blame the gop or bush

 

[Two Thumbs]

Government layoffs are a good thing. sorta.

People lost their job, but our tax money can go to something else.

 

[Meister]

Certainly is a nail in the coffin for the democrats in next months elections.
The lack of effort from this administration is coming back to bite them in the ass.
He put his ideology with healthcare over the economy and the high unemployment numbers.
My opinion is that he did that to help push his healthcare through, which backfired. I think he thought that with that many people out of work and with no healthcare, they would run to his healthcare.

 

[Capitalist]

Democrats are actually using this as a reason to vote for them?


The real number: 17.1% — U6 on table A-15 right here … Table A-15. Alternative measures of labor underutilization Unemployment from the great depression era ran 15-20% so you can see how today’s 17.1% compares.

​

 

[rightwinger]

Government and Teacher layoffs

Reason for the Conservatives to celebrate

 

[2Parties]

Government lay-offs are extremely good news. It's the best thing the government could do to stimulate the economy.

 

[Oddball]

Government and Teacher layoffs

Reason for the Conservatives to celebrate

Well, you losers could junk stupid bureaucracies like the Department of Energy, but it's readily apparent that you'd rather piss and moan about teachers and fire fighters.

 

[pinqy]

Democrats are actually using this as a reason to vote for them?


The real number: 17.1% — U6 on table A-15 right here … Table A-15. Alternative measures of labor underutilization Unemployment from the great depression era ran 15-20% so you can see how today’s 17.1% compares.

Ummm, no. The measures used for the Depression are closer to the U-3...the official measurement. The U-6 (and U-5) include the "Marginally Attached" a group that was not defined, let alone used, until 1994. And part time workers have NEVER been used in the UE rate. So you can't compare the U-6 to the Depression as if they were measuring the same thing, which they definitely are not.

 

[Toro]

Michael Darda, economist of MKM Partners, estimates that if the U-6 method of measuring unemployment and underemployment were in place during the Depression, the rate of unemployment would have been 44%. Comparing today to the Great Depression is specious.

 

[Capitalist]

Nobody believes them anymore.
Hahahaha, the joys of central planning...........

 

[Charles_Main]

Government and Teacher layoffs

Reason for the Conservatives to celebrate

More like fake Stimulus jobs,that were never more than Temporary positions, ending.

 

[uscitizen]

Government layoffs are a good thing. sorta.

People lost their job, but our tax money can go to something else.

Yeah layoffs help a consumer based spending economy so well.

 

[uscitizen]

Government and Teacher layoffs

Reason for the Conservatives to celebrate

More like fake Stimulus jobs,that were never more than Temporary positions, ending.

Kinda like another stimulus? but it was called a war.

 

[Charles_Main]

Government layoffs are a good thing. sorta.

People lost their job, but our tax money can go to something else.

Yeah layoffs help a consumer based spending economy so well.

So you think spending even more money we do not have to spend. To keep Government workers in Jobs is the better option?

 

[uscitizen]

Michael Darda, economist of MKM Partners, estimates that if the U-6 method of measuring unemployment and underemployment were in place during the Depression, the rate of unemployment would have been 44%. Comparing today to the Great Depression is specious.

More people were rural and closer to being self sufficient back then.
Some areas in the country did not even notice the depression so much since there was not much change for them.
Technically underemployed though.

 

[Revere]

Government layoffs are a good thing. sorta.

People lost their job, but our tax money can go to something else.

Yeah layoffs help a consumer based spending economy so well.

So you think spending even more money we do not have to spend. To keep Government workers in Jobs is the better option?

I guess fewer private sector workers carrying more government workers on their backs is a good thing.

 

[uscitizen]

Government layoffs are a good thing. sorta.

People lost their job, but our tax money can go to something else.

Yeah layoffs help a consumer based spending economy so well.

So you think spending even more money we do not have to spend. To keep Government workers in Jobs is the better option?

Nope, just pointing out some of the more notable results of action of reducing government size. since about 30% of working america works for the govt in some way.

 

[Charles_Main]

Michael Darda, economist of MKM Partners, estimates that if the U-6 method of measuring unemployment and underemployment were in place during the Depression, the rate of unemployment would have been 44%. Comparing today to the Great Depression is specious.

More people were rural and closer to being self sufficient back then.
Some areas in the country did not even notice the depression so much since there was not much change for them.
Technically underemployed though.

Everyone Felt the Depression. Some worse, some less, but they all felt it.

 

[Oddball]

Yeah layoffs help a consumer based spending economy so well.

So you think spending even more money we do not have to spend. To keep Government workers in Jobs is the better option?

Nope, just pointing out some of the more notable results of action of reducing government size. since about 30% of working america works for the govt in some way.

Yes...And they all produce sooooo many things that others want to buy.

 

[saveliberty]

Many school systems offered early buyouts to teachers that were highly paid. I don't know if that figures in this, but if they didn't replace them all, it might explain part of it.